Aegean plans to inaugurate its marine fuel marketing office in Russia
Aegean Marine Petroleum Network Inc. (Aegean) will open its marketing and business development office in Russia. The St. Petersburg, Russia based office of Aegean will be engaged in sales and marketing of marine petroleum products across all Russian ports. With the assistance of five seasoned industry professionals, previously employed by OW Bunker, the Company expects to gain important local market intelligence, while providing enhanced service to clients at all Russian ports, the Company said Tuesday in a press release.
E. Nikolas Tavlarios, the Company's President, commented, "We remain committed to meeting the increasing demand of our growing global customer base. This expansion is consistent with our opportunistic efforts to diversify our operations and enhance our global footprint. We believe that our expansion into Russia, combined with our recent entry into the U.S. Gulf Coast, U.S. West Coast, and German markets, demonstrates our continued actions to strengthen the Aegean network around the world. We are confident that Aegean is well positioned for continued growth, success and value creation in 2015."
About Aegean
Aegean Marine Petroleum Network Inc. is an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea. The Company procures product from various sources (such as refineries, oil producers, and traders) and resells it to a diverse group of customers across all major commercial shipping sectors and leading cruise lines. Currently, Aegean has a global presence in 30 markets, including Vancouver, Montreal, Mexico, Jamaica, Trinidad and Tobago, Gibraltar, U.K., Northern Europe, Piraeus, Patras, the United Arab Emirates, Singapore, Morocco, the Antwerp-Rotterdam-Amsterdam (ARA) region, Las Palmas, Tenerife, Panama, Hong Kong, Barcelona, the U.S. East Coast, Los Angeles, Long Beach, Algeciras, the Gulf of Mexico and Germany. The Company has also entered into a strategic alliance to extend its global reach to China.
